id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
hassl-907	Yap, Kok-Leong ; Lau, Wee-Yeap ; Ismail, Izlin 	Does an Exchange-Traded Fund Converge to its Benchmark in the Long Run? Evidence from Ishares MSCI in Asia-Pacific Countries	2021	14	.pdf	application/pdf	6925	513	64	The null hypothesis of no Granger causality from ETF prices to benchmark index prices is rejected at the 5% significance level for all the countries, implying that changes in ETF prices lead the changes in benchmark index prices in the short run. The test statistics suggest that the null hypothesis of no Granger causality from benchmark index prices to ETF prices is rejected at the 5% significance level for India, Japan, Singapore, Taiwan, and Thailand.	cache/hassl-907.pdf	txt/hassl-907.txt